Question

Johnny owns an electric store. He purchased a PlayStation straight from SONY for $150. He marks up the price by 65%. After not selling it for two months, he marks down the new price down by 65%. Does Johnny sell the PlayStation for $150? If so, explain why. If not, explain how you determine the new price.

Answer 1

65% of 150 is 97,5, so the new price is 150 + 97,5 = 247,5$

when he marks down the new price by 65% , 65% of 247,5 is 160,875, so the new price is 247,5 - 160,875 = 86,625$.

No, Johnny does not sell the PlayStation for 150$, explained above.